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Wealthy guys more likely to BS than other folks

William Parcher

Show me the monkey!
Joined
Jul 26, 2005
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Rich guys are most likely to have no idea what they’re talking about, study suggests

The Washington Post said:
Researchers attempt to measure how often people oversell themselves in society

Researchers embarked on a novel study intent on measuring what a Princeton philosophy professor contends is one of the most salient features of our culture — the ability to play the expert without being one.

Or, as the social scientists put it, to BS.

Research by John Jerram and Nikki Shure of the University College of London, and Phil Parker of Australian Catholic University attempted to measure the pervasiveness of this trait in society and identify its most ardent practitioners.

Study participants were asked to assess their knowledge of 16 math topics on a five-point scale ranging from "never heard of it" to "know it well, understand the concept." Crucially, three of those topics were complete fabrications: "proper numbers," "subjunctive scaling" and "declarative fractions." Those who said they were knowledgeable about the fictitious topics were categorized as BSers.

Using a data set spanning nine predominantly English-speaking countries, researchers delineated a number of key findings. First, men are much more likely than women to master the art of hyperbole, as are the wealthy relative to the poor or middle class. North Americans, meanwhile, tend to slip into this behavior more readily than English speakers in other parts of the globe. And if there were a world championship, as a true devotee might appreciate, the title would go to Canada, data show...

https://www.washingtonpost.com/busi...no-idea-what-theyre-talking-about-study-finds
 
TBF, some respondents may have just assumed the questioned was worded improperly. 'Proper numbers' meaning real or rational numbers, that kind of thing. Not sure this setup is the best barometer for identifying BSers. Although I'll accept the Canadian angle.
 
TBF, some respondents may have just assumed the questioned was worded improperly. 'Proper numbers' meaning real or rational numbers, that kind of thing.
But one of the available answers was "never heard of it". This would be an intelligent and honest response to something that is thought to be worded improperly.
 
But one of the available answers was "never heard of it". This would be an intelligent and honest response to something that is thought to be worded improperly.

It would certainly be more accurate, yes. I've run across a lot of people who think they are smarter than the questioner, though, and autocorrect for them. A lot of those tricky perception tests are based on that principle.

Also, does the test structure account for these respondents being just stupid/wrong? The actual article is under a paywall for me.
 
This study is wrong. I know that because I am from Canada and therefore obviously know everything.

:D
 
CEO Syndrome. Guys (and women too I expect) in high places, whether corporate, non-profit, religion, military, or government somehow become unable to admit they've ever made a mistake or that there's anything they don't know.
 
Too bad the converse isn't true. I'm excellent at BSing but have yet to become wealthy. I mean, really, really good at BSing. I can write plausible art criticism about white-on-white paintings. Give unto me the riches!
 
CEO Syndrome. Guys (and women too I expect) in high places, whether corporate, non-profit, religion, military, or government somehow become unable to admit they've ever made a mistake or that there's anything they don't know.
This is Founders syndrome perhaps?
CEO syndrome is more about underlings only feeding the CEO filtered information rather than Founder’s information blindness due to megalomania.
 
Wealthy guys more likely to BS than other folks


Who cares?

Disregarding the ways this is spun in mainstream reporting and our reliance on common sense for the 'duh' reaction, it's a piece in a very large puzzle as to how we behave as humans. So I care.

This study may turn out to have flaws in what it was asking, how it was asking it, who was involved etc, etc. And that's the best way to do it, I think its the most important part of how we continue to improve the way we understand how humans behave and how it affects us overall. But I don't see the point in just dismissing it out of hand.

I think this has ties into the Dunning Kruger effect, which in itself is a small, incomplete understanding of human behaviour.

So carry on. lets keep looking at these kind of things and see what we find, always looking at how we've arrived at any conclusion.
 
This might be true of millionaires and the occasional billionaire.
But a gazillionaire like me would never do that.
 
Too bad the converse isn't true. I'm excellent at BSing but have yet to become wealthy. I mean, really, really good at BSing. I can write plausible art criticism about white-on-white paintings. Give unto me the riches!

We just need to delete your ethical subroutines.

I am assuming that a long-time member like you already knows about scams and confidence artists, therefore you should have a 7-figure bank account before Halloween.
 
TBF, some respondents may have just assumed the questioned was worded improperly. 'Proper numbers' meaning real or rational numbers, that kind of thing. Not sure this setup is the best barometer for identifying BSers. Although I'll accept the Canadian angle.

Yes, it's pretty fundamental to mathematics that it's language independent. It's not hard to extrapolate a likely meaning for 'Proper numbers' and having done so, think it reasonable to say you know something about them. I've never come across a 'septic equation' but I could hazard a guess at its meaning and tell you a little about it.

As to 'declarative fractions', a reference to Booth's paper in the Journal of Experimental Child Psychology should suffice to demonstrate my BS credentials.
 
The ability to play the expert without actually being one? You're saying that correlates with wealth?

Surely we're the richest club ever then, we at ISF, chock full of trillionaires? (With just a few modestly situated actual experts also thrown in?) :--)
 
Wealthy guys more likely to BS than other folks


Who cares?

Parents?

If you want your child to succeed, teach them to lie, cheat and steal. Teach them to act extremely confidently when they are unsure and teach them to banish doubt.

If you want them to succeed.
 
To succeed in the North American way, apparently.
Telling the truth is a revolutionary act, but it is indispensable if you are fighting for a very different kind of success, the one that doesn't consist in exploiting others.

ETA: In German, I would probably have said, 'Die Wahrheit ist eine Kampfansage,' but I can't think of a good translation*, and I was surprised that I couldn't find it as a quotation online.

* Maybe 'Telling the truth is a declaration of battle.'
 
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This study may turn out to have flaws in what it was asking, how it was asking it, who was involved etc, etc.


Have you considered the possibility that it may turn out not "to have flaws in what it was asking, who was involved, etc."?
Do you have anything specific that seems to indicate that the study may be wrong?
 
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To succeed in the North American way, apparently.
Telling the truth is a revolutionary act, but it is indispensable if you are fighting for a very different kind of success, the one that doesn't consist in exploiting others.

Well said, and I've often asked myself how the "North American" way can actually be popular anywhere.

But then 2016 happened and changed my view about how (at least some) North Americans would like to be seen by the rest of the world.
 

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